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Category: Election 2016

Back in May, Wall Street was jumping on the Trump bandwagon, but they were doing it secretly. A random survey concluded that a number of financial professionals were secretly planning to vote for Trump in November. But that was two months ago, and the tide has turned on Wall Street. The fact is, Trump is bad for business. Trump is a risk factor, and Wall Street always measures risk factors before they invest in anything. The uncertainty that Trump is projecting is not good for business, according to several Wall Street financial experts. Trump is like a rodeo star that rides a bull for a few seconds and gets thrown off. Trump gets thrown off the mark by his own personality. Donald is the smart, egotistical, maniac that comes to the party to stir the pot not to create a sense of balance, and balance is something Wall Street desires, but rarely achieves.

The Dilemma is, Clinton is not much better for business. Wall Street has thrown a ton of money toward the Clinton campaign, and she caught it, but she is changing her tune about Wall Street thanks to Bernie Sanders. Bernie Sanders opened a can of worms, and those worms are not going back into the can that Wall Street prefers. In order to woe Sanders supporters, Clinton must take a hard line, and thrown her well-heeled financial friends under the regulatory bus. Whether she does that or not if she is elected remains to be seen.

But most financial experts say that Clinton would be a better fit than Trump. The American economy is set to tank regardless of who is elected, and Wall Street knows that. There are still some Trump supporters on the Street, according to yahoo.com. Those people believe Trump would change the tax code, and he would cut back on business regulations. And Trump still has very heavy-hitters, like Carl Icahn and John Paulson on his side. If Trump does win, investors would immediately move assets out of U.S. companies that produce goods overseas, and move them into companies that solely work with domestic suppliers and customers. And there would be a sharp selloff in the Mexican stock market. No one on Wall Street knows what’s going to happen in November, so they are playing their cards carefully.